There are a couple months of the year that seem busier than others, and April is one in the oil industry. The first quarter has ended, and many of the editors here at Platts are readying themselves for the slew of earnings calls and reports that will be coming soon. Those quarterly updates can sometimes signal big changes – announcements about new projects, financial doings, production figures, etc. – and we wanted to assess the global oil industry now, in the calm before the storm.
Posts Tagged ‘India’
By Elizabeth Bassett | April 9, 2015 03:34 PM Comments (4)
By Deepak Kannan | March 27, 2015 01:15 PM Comments (0)
If you are a coal producer focused on the Chinese market, I am sure you will be scratching your head thinking about the future. Ever since China started imposing restrictions on imports, suppliers have gone on a wild hunt for buyers.
By Vandana Hari | March 20, 2015 01:58 PM Comments (1)
A swallow does not a summer make, they say.
How about two? India has just released its February oil consumption data. And rather remarkably, gasoline sales are up 18.3% on year, on the heels of a 17.7% spike seen in January.
For the two months, gasoline consumption averaged about 470,000 b/d, compared with 398,000 b/d a year ago. Read the rest of this entry »
By Elizabeth Bassett | March 18, 2015 12:01 AM Comments (1)
In the US, March often means spring break: children and young adults have a week off school and classes and families take the time to travel, have some adventures in their hometowns, or just try to catch up and catch their breath as the year continues its hurtle forward.
You may have thought we were taking a break from The Oil Big Five, since this entry is coming midmonth instead of at the beginning of March. Thankfully, that’s not the case, and we’ve caught our breath enough to share this listing of five big oil topics our oil editors and analysts worldwide think are among the most important. Leave us your thoughts in the comments below — are there others you want recognized, or would you like to chime in support that one of these topics is affecting you somehow? — and drop us your feedback on Twitter with the hashtag #oilbig5.
By Vandana Hari | February 17, 2015 07:50 AM Comments (5)
Crude oversupply is a well-known story by now. Let’s talk about demand growth – or the absence of it. Why has the near-60% crash in crude as measured between the high of mid-June 2014 and the trough of January this year ($115.06 and $46.59/b respectively for front-month Brent) not produced a demand response from Asia?
By Yen Ling Song | January 31, 2015 12:01 AM Comments (1)
By Mriganka Jaipuriyar | December 15, 2014 12:01 AM Comments (1)
By Elizabeth Bassett | November 21, 2014 08:36 AM Comments (5)
November is thankfully on its last
legs days, and we’re already exhausted. We knew the month would bring lots of big news topics (such as this one, which reminded me of this, because I’d love to see a rock opera about oil), as we discussed in our original Oil Big Five listing for the month. Then there were other items that didn’t make the list that also drew a lot of attention, from us and from others.
To feature reader comments today, we want to draw attention to the comments on our post about comments, which is very meta. We enjoy hearing from you, as these posts are intended to start conversations and discussions (even arguments!), and we think your comments are one of the highlights of this series.
By Paul Bartholomew | September 12, 2014 11:02 AM Comments (0)
India’s steel sector has been generally positive about new Prime Minister Narendra Modi’s first 100 days in office, which he marked on September 3. Formerly the Chief Minister of Gujarat state for more than a dozen years, Modi presided over strong economic growth in that region, an achievement Indians are hoping to see extended across the entire country.
India has been crunching the gears economically for several years while its big rival China, unencumbered by the democratic process, has motored ahead. Steel projects have foundered due to difficulties in gaining land access–most notably Korean giant Posco’s planned 6 million mt/year capacity works in the south of India–while decrepit infrastructure makes transporting raw materials inside the country expensive and challenging.
By Vandana Hari | August 29, 2014 07:07 AM Comments (7)
The new Narendra Modi government in New Delhi prolonged the suspense this week over what tack it will take on the controversial domestic gas pricing issue.
It had been expected to signal which way it is inclined ahead of a September 30 deadline to announce its final decision on gas prices.